Australian Gold and Copper Ltd (ASX:AGC) has strengthened its board with the appointment of experienced mining industry executive Dr Adam McKinnon as a non-executive director.
Dr McKinnon is an exploration and mining professional with an extensive record of discovery in central western New South Wales.
Notably, He has more than 18 years of industry and academic experience in gold and base metal exploration, evaluation, development, mining, metallurgy and approvals.
Dr McKinnon is currently the managing director of Magmatic Resources Ltd (ASX:MAG), which is AGC's second-largest holder with 5.61% of the shares on issue.
“Adding value through discovery”
AGC chairman David Richardson said: “I am delighted to welcome Adam to Australian Gold and Copper.
“His track record of adding value through discovery and evaluation in NSW aligns perfectly with AGC’s business model.
“We look forward to him applying his skillset to advancing our attractive gold and base metal portfolio”
Notable experience
Prior to Magmatic, Dr McKinnon served as the general manager - exploration and business development at Aurelia Metals, which saw him manage a +$20 million yearly exploration budget, including the discovery and subsequent growth of the exceptionally high-grade Federation deposit in the south-eastern Cobar Basin.
He has also previously held roles with CBH Resources (ASX:CBH) and KBL Mining (ASX:KBL) in the Central West, which includes the discovery of the high-grade Pearse gold-silver deposit at the Mineral Hill Mine near Condobolin, New South Wales.
Outgoing director
AGC’s outgoing non-executive director Ranko Matic provided his resignation effective August 12, 2022.
He joined the board in November 2020 and has played an active role in developing and executing the company’s corporate strategies.
Richardson adds: “I would like to thank Ranko for all of his efforts and support of the company, especially helping the company during the IPO process.
“He has provided invaluable support and guidance to the company and the board – and during the challenging circumstances of COVID and lockdowns. We wish him well in his future endeavours.”